The Election Basar 2016
November is just few months away. Two top candidates are getting busier with their campaigns. Election market is very hot at the moment. It’s all about going into the Oval Office. (more…)
Tag Archives: obama administration
USGS Releases U.S. Oil & Gas Reserve Growth Estimates
WASHINGTON – The U.S. Geological Survey (USGS) has released a new estimate for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. The USGS estimates that the mean potential undiscovered, conventional reserve additions for the United States total 32 billion barrels (bb) of oil, 291 trillion cubic feet (tcf) of natural gas, and 10 bb of natural gas liquids, constituting about 10 percent of the overall U.S. oil and gas endowment.
“As part of the Obama Administration’s all-of-the-above energy strategy, we are taking aggressive steps to safely and responsibly expand domestic energy production,” said Interior Secretary Ken Salazar. “USGS’s ongoing work to identify and estimate U.S. energy supplies – and to make that information available to everyone – is fundamental to our efforts to continue to grow America’s energy economy.” (more…)
2012 Economic Forecast from UMD Business Faculty
COLLEGE PARK, Md. – A weak housing market, tight credit for small businesses, no significant growth in the banking sector, anemic consumer spending, and modest sales for retailers – that’s the outlook for 2012 according to experts at the University of Maryland’s Robert H. Smith School of Business.
“Several important dynamics frame the 2012 economic outlook,” says Cliff Rossi, Tyser Teacher Fellow and executive-in-residence. These factors include:
- Massive financial leveraging across the board by sovereign countries, state and local governments, banks, businesses, and individuals;
- Fear and uncertainty among consumers and investors, despite faint signs of optimism at times;
- Political self-interest and brinksmanship increasingly interfering with effective policy making. (more…)
Have We Changed Our Ways After the BP Oil Spill? Not Really
ANN ARBOR, Mich.—On the heels of last week’s federal recommendations to help prevent another BP oil spill disaster, a University of Michigan researcher says the tragedy has come close to acting as a catalyst for deeper change—but not quite.
“The BP oil spill is, potentially, a ‘cultural anomaly’ for institutional changes in environmental management and fossil fuel production,” said Andrew Hoffman, professor of management and organizations at the Ross School of Business and a professor at the School of Natural Resources and Environment. “But true change in our approach to handling issues related to oil drilling, oil consumption and environmental management have yet to occur.” (more…)
‘Nightmare’ Economy Still a Source of Restless Nights, says Krugman
Paul Krugman. Image credit: Yale University
Nobel Prize-winning economist and New York Times columnist Paul Krugman had some generally dismal news for the near capacity audience that came to Sprague Hall on Tuesday for his Jackson Institute-sponsored town hall meeting.
The gathering, aimed at undergraduates, was held in conjunction with Krugman’s visit to Yale to receive the Henry E. Howland Memorial Prize, one of the highest honors that the University bestows.
Krugman was introduced by President Richard C. Levin; the two were briefly colleagues in Yale’s Department of Economics in the 1970s. He kicked off the Q&A with background on the current economic situation. (more…)